CorrecTrade is an old software that no longer works. It was originally created in 2016 to work with the now defunct Binary Options Broker called EZTrader.
The software was suppose to scam the markets for binary options trading signals, based on 60 second options trading.
The new CorrecTrade trading signals software is a nice looking system for binary options trading. We tested the system and see that it offers trading signals on 60 second options. We assume that when it is fully released it will offer more time frames for binary options signals.
Unlike the automated trading robots and software that just place trades randomly, with this software the trader must place the trade based on the generated trading alert.
All you have to do is sit there and wait for the next trade alert to come out. We assume they will eventually integrate an automation feature into the software.
One of the biggest problems with trading signals software that we have is, what are the trade alerts based on. As the continuous skeptic, we always want to know what technical analysis and market indicators are behind the algorithm. CorrecTrade does not make that information available to us.
Comparing Trading Signal Software
When you test out a new trading system, it is extremely important to really analyze their historical data. Some trading alerts systems come with the ability to demo trade.
If you are going to demo trade, you must know that many times the signals and the market prices are not accurate. The purpose of demo trading is to get used to the functionality of the software, not the see if the signals are accurate, because they are usually mostly winners.
Investors in binary options should always compare their broker with the best brokers here.